Is technical analysis useful? - page 25.

Arwinkim

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Of course it is useful because you can use it to predict the market. Although trading is a game of probability, technical analysis is still reliable to help you understand the market. Most of pro traders use technical analysis anyway combined with fundamental analysis from news.

anntlevel

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Technical analysis does not exactly predict the future of any market, but it can at least help us know a little bit of how the future market is going to be. Well I will still say that technical analysis is useful, but not 100% useful as many believes it is. But don’t just take my word for it, try to know read comments by others, cause I’m not perfect.

boyshx

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

It is important to consider that information but many times they are just failed piles of assumptions. Recently the market dropped heavily and I am seeing many threads which keeps talking about the different technical analysis that different users have done about the market. This I saw since January but none of them were upto the mark and none of them made the right speculation about the market. Sometimes I feel they are making it just out of some raw data which they dont either understand and some of them are just trying to get the visual representation for getting merits. (To be honest I do feel that way).

Coming to the point, these analysis being made by different users literally had the different outputs. The market is single but the outposts are different then it becomes too difficult to believe in such analysis. So may be I would say as long as its upto the mark then its all right otherwise we should not rely on them completely.

richkellj

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Quote from: bnmh23 on March 29, 2018, 01:36:56 AM

For the price, technical analysis is reliable. Based on the role of the core algorithm, it is easy to profit from the transaction. I know there are many professionals who are doing this, and the gains are very stable!

If you want to get a fair idea of the market value of any of the crypto coin soon, then the only thing upon which you can rely is this technical analysis. Doing so will help you in having a better idea of the market is the days to come and that you will also be able to plan the things in much better way as well. However, it is not a wise thing to rely on the technical analysis entirely.

adjk7

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Sir, I am very contradictory, because I recognize and do not approve, because technical analysis can indeed be used as a reference, but it is not the most important factor that can affect the price.

virasisog

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Quote from: bearexin on April 02, 2018, 02:32:49 AM

Quote from: bnmh23 on March 29, 2018, 01:36:56 AM

For the price, technical analysis is reliable. Based on the role of the core algorithm, it is easy to profit from the transaction. I know there are many professionals who are doing this, and the gains are very stable!

There is no survival in the digital world without patience and analysis, especially if someone is a trader, he cannot make any profit without analyzing the situation and coming up with the right decision. Indeed, the experts would be using technical analysis for making profit. This is the job of any person who is involved in this profession. Besides, how is it possible to be successful without doing such work? This is the only way to stay in trading.

Technical analysis is the bestfriend of traders and its fundamental analysis but in both different use. If you want to be a trader and not just an investor or a holder you would be able to get a profit with every price and have a good entry then its technical analysis.

bearexin

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Quote from: bnmh23 on March 29, 2018, 01:36:56 AM

For the price, technical analysis is reliable. Based on the role of the core algorithm, it is easy to profit from the transaction. I know there are many professionals who are doing this, and the gains are very stable!

There is no survival in the digital world without patience and analysis, especially if someone is a trader, he cannot make any profit without analyzing the situation and coming up with the right decision. Indeed, the experts would be using technical analysis for making profit. This is the job of any person who is involved in this profession. Besides, how is it possible to be successful without doing such work? This is the only way to stay in trading.

bullet007

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Technical analysis is not just a template for moving the price, it helps to see the actions of other traders and predict their behavior in the future, than predict the price.

GrayFullbuster

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Of course! Most of the traders are using technical analysis! I can say that technical analysis is one of the useful tool for us to predict the price of the bitcoin. For me, the information that we can get from technical analysis is reliable.

bnmh23

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For the price, technical analysis is reliable. Based on the role of the core algorithm, it is easy to profit from the transaction. I know there are many professionals who are doing this, and the gains are very stable!

Botnake

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Quote from: atjiat on March 28, 2018, 12:13:22 PM

Quote from: myworkstrade on March 28, 2018, 09:31:46 AM

Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Yes technical analysis is useful and very nice to used. I am from fundamanetal analysis to technical anaylsis now I like tech analysis most in crypto its easy to used and you can check easily the market trend. It is realistic approach to the market and we can do longterm and shoterterm trades with it. POpular ta instrument or inid ayor is moving averages candles and rsi its really useful you can try it.

for today it is necessary to learn to do qualitative analysis, because all these analysts can not be hoped, because all forecasts or analysis are void and false.

Analysis is very important and the outcome of your analysis is always based on the information you read.
Some people relies heavily on charting and they come up with the decision, for me, what is important here is the news and speculation to make
a good decision.

darewaller

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Quote from: ducphucmmo on March 26, 2018, 06:17:45 AM

Technical analysis is not only useful but also an important tool for decision making in trading. As far as I know this is the only thing use in trading because of its effectiveness. The effectiveness also vary from the person using it. Fud is only effective if applied in a market that is either going down already, or bound to go down in a matter of days

Yeah, no one doubts this, but if you are completely relying on technical analysis without learning how you can play safe in the market, then you will only end up completely screwed before you even know it. There are so many times it can work easily, you can even get to see yourself making some good calls, and then sometimes just come when you just see everything going the other way round even with the analysis, which is why the stop loss is always available.

Quote from: atjiat on March 28, 2018, 12:13:22 PM

for today it is necessary to learn to do qualitative analysis, because all these analysts can not be hoped, because all forecasts or analysis are void and false.

New methodologies are always better for better results and at the same time, we cannot ignore conventional methods for consistent performance. In simple words, proper mixture of all these will definitely help any trader for producing comparatively better results.

atjiat

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Quote from: myworkstrade on March 28, 2018, 09:31:46 AM

Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Yes technical analysis is useful and very nice to used. I am from fundamanetal analysis to technical anaylsis now I like tech analysis most in crypto its easy to used and you can check easily the market trend. It is realistic approach to the market and we can do longterm and shoterterm trades with it. POpular ta instrument or inid ayor is moving averages candles and rsi its really useful you can try it.

for today it is necessary to learn to do qualitative analysis, because all these analysts can not be hoped, because all forecasts or analysis are void and false.

myworkstrade

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Quote from: Melomory on February 13, 2018, 05:58:36 PM

Do you believe in the reliability of information obtained by technical analysis on crypto-currency market?

Yes technical analysis is useful and very nice to used. I am from fundamanetal analysis to technical anaylsis now I like tech analysis most in crypto its easy to used and you can check easily the market trend. It is realistic approach to the market and we can do longterm and shoterterm trades with it. POpular ta instrument or inid ayor is moving averages candles and rsi its really useful you can try it.

Jack Cryptoman

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Quote from: ivandu on March 28, 2018, 05:54:53 AM

Quote from: Jack Cryptoman on March 27, 2018, 10:34:51 PM

I am think classic TA is not very useful. PriceAction+VSA is better Cool

thats mentioned technical analisys too dude.that technical very usefull if understand about volume and combine it with price action.usually use trend line and candlestick pattern.

Yes, i agree with you.
I mean trend lines,MA,classic patterns like "head and shoulders" only- so popular instruments of TA for new traders but maybe it is not enough for successful trading system.
Of course, I understand that the trend line is very important for determining the trend.
I'm trying to apply the Wyckoff method (VSA) to the crypto currency market, because I understand the influence of big players on the market.
The market of crypto-currency is not big enough in comparison with stock market. VSA tells me what the big player is trying to do. And in what phase is the market now, in accumulation or distribution? Who are stronger-buyers or sellers?

Thanks for replying to my message. Good luck in trading Wink

natsu01

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As a crypto trader technical analysis is very reliable and important in order not to lose funds in trading and only make profits will always be the outcome.

ivandu

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Quote from: Jack Cryptoman on March 27, 2018, 10:34:51 PM

I am think classic TA is not very useful. PriceAction+VSA is better Cool

thats mentioned technical analisys too dude.that technical very usefull if understand about volume and combine it with price action.usually use trend line and candlestick pattern.

otundebis

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Technical Analysis is very useful for determining the direction of the market. Technical Analysis may not be good as a tool for speculation, But TA will not keep you in the dark as far as market condition is concern. You can make bold move because of TA.

nik9990

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First Islamic Crypto Exchange

I think yes, but he is not so important here as in the usual trade, I think here most of all plays the role of fundamental analysis and market sentiment

Alex077

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Quote from: Julunguul on February 13, 2018, 06:39:19 PM

Using technical analysis only is not a good ways to make a decision. It should be compared and combined with fundamental analysis.

I think those analysis is just a supported tool only. Not more. The next price movement is really unpredictable.

Tech analysis is a very good tool, but only when there is no irritative news on the market. To achieve effective result you should combine tech and fundamental analysis. In any case, technical analysis prove useful to learn the market and make decisions, or you should improve intuition and predict cryptocurrency’s rate.

Topic: Is technical analysis useful? - page 25. (Read 2551 times)